About Theremin AI Solutions Private Limited
Data last updated:
Theremin AI Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Fractal Analytics Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 December 2018.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2018PTC318795. Its GSTIN is 27AAHCT0895Q1ZG (Maharashtra).
The company had an authorised share capital of ₹32.5 Cr and a paid-up capital of ₹20.24 Cr. It was led by directors including Satish Avadhanam Raman and Srikanth Velamakanni.
Its last annual general meeting (AGM) was held on 14 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at Level 7 Commerz II International Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.82 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹2.54 Cr (net margin 499.6%) and EBITDA of ₹2.54 Cr (EBITDA margin 499.7%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 16% over five years.
The company had about 5 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Theremin Ai. The company has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹9.25 Cr; the latest was in October 2020.
The last known website on record is theremin.ai.
Company details
Contact details
Theremin AI Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is theremin.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLevel 7 Commerz II International Business Park Oberoi Garden City Off. W. E.Highway Go, Regaon (E), Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Theremin AI Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Theremin AI Solutions operates one associated brand: Theremin Ai. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered platform for quantitative investing and market data analysis. | theremin.ai |
Business activity
The main business activity of Theremin AI Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Theremin AI Solutions Private Limited, buy the company report.
Financials of Theremin AI Solutions Private Limited
FY 2025 filings availableTheremin AI Solutions Private Limited reported revenue of ₹50.82 Lakh (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 208% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.54 Cr | ||||
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| Net Profit (PAT) | ₹2.54 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 499.7% | ||||
| Net Profit Margin | 499.6% | ||||
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To see the full financial statements and ratios of Theremin AI Solutions Private Limited, buy the company report.
Board of directors of Theremin AI Solutions Private Limited
Theremin AI Solutions has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Avadhanam Raman Also directs: Qure.Ai Technologies Private Limited | Director | 30 Sep 2020 | 6 Years 0 Months | As last reported |
| Srikanth Velamakanni | Director | 27 Dec 2018 | 7 Years 9 Months | As last reported |
| Gulu Lalchand Mirchandani | Director | 30 Sep 2020 | 6 Years 0 Months | As last reported |
| Sasha Gulu Mirchandani Also directs: Mumbai Angel Venture Mentors, Kavya Advisory Services LLP, Startup Diaries LLP and 5 more | Director | 30 Sep 2020 | 6 Years 0 Months | As last reported |
Auditor
Theremin AI Solutions Private Limited is audited by B S R & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Theremin AI Solutions Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Theremin AI Solutions Private Limited, buy the company report.
Deals & funding
Theremin AI Solutions Private Limited has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹9.25 Cr; the latest was in October 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Funding round | Undisclosed | Investors: OLMO Capital |
| Sep 2020 | Funding round · Series B | ₹8.95 Cr | Investors: an individual |
| Sep 2020 | Funding round · Series A | ₹30 Lakh | Investors: an individual |
| Feb 2019 | Acquisition | ₹9.9 Cr |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Theremin AI Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Theremin AI Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Theremin AI Solutions Private Limited has a workforce of 5 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Theremin AI Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT0895Q1ZG | Maharashtra | Active | 29 Jan 2019 |
To see the full GST registrations and return filing status of Theremin AI Solutions Private Limited, buy the company report.
Recent activity
Theremin AI Solutions Private Limited has 9 board changes on record since 2018: 4 appointments and 5 cessations. The latest: Abhinav Agarwal ceased to be Company Secretary on 08 Jun 2023.
News
Frequently asked questions
Theremin AI Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Theremin AI Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 27 December 2018 and is registered under CIN U72900MH2018PTC318795. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Theremin AI Solutions was incorporated on 27 December 2018. It is registered with the Registrar of Companies, Mumbai.
Theremin AI Solutions had 4 directors:
- Satish Avadhanam Raman - Director
- Srikanth Velamakanni - Director
- Gulu Lalchand Mirchandani - Director
- Sasha Gulu Mirchandani - Director
The CIN (Corporate Identification Number) of Theremin AI Solutions is U72900MH2018PTC318795. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Theremin AI Solutions is at Level 7 Commerz II International Business Park Oberoi Garden City Off. W. E.Highway Go, Regaon E, Mumbai, Maharashtra, India – 400063.
Theremin AI Solutions can be reached through the website theremin.ai. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Theremin AI Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 July 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Theremin AI Solutions is 27AAHCT0895Q1ZG, registered in Maharashtra.
Theremin AI Solutions operated in the information technology industry, in the application development and software solutions segment.